107 Sarasota StMiramar BeachFL32550
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Miramar Beach at 107 Sarasota St, Miramar Beach, FL, 32550 generates $4,832/mo in rent, after a $5,869/mo payment. Total monthly income is $4,832/mo. Return on cash invested sits at 10.17% in year one, and rental yield is 4.84% on a $1,199,000 entry. Equity gained on principal adds $7,737/yr, while 5% annual appreciation builds toward $331,262 over five years. Five-year ROI reaches 51.33% and total cumulative return in cash sums $199,389. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,832/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
4,791 sqft lot
$N/A/sqft
$530 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 32550, Destin, FL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,233 (100%) |
| Owner Occupied HU | 3,366 (20.7%) |
| Renter Occupied HU | 679 ( 4.2%) |
| Vacant Housing Units | 12,188 (75.1%) |
| Median Home Value | $825,589 |
| Average Home Value | $966,125 |
Housing Distribution
Address Breakdown
Residential
11,463
Single Family
5,332
Multi-Family
6,131
Businesses
832
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Listed by: Mike S Herring • Keller Williams Realty Emerald
Mls Name: CPAR
Mls Provider:
Mls ID: #770698
Disclaimer: IDX information is provided exclusively for consumers personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.